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Friday, April 12, 2019 1:38:06 PM
What's interesting to me is the pick-up in volume following the retrace. The otcbb is heavily manipulated, and in differing from cutesy's diatribe, I maintain the pink sheet MM's have an inordinate amount of influence, especially over (usually) thinly traded inexpensive stocks. The MM here can't do whatever he wants, but has a lot of discretion and occasionally exerts such influence. No doubt he wants to remain in good graces with the company.
Again--a guess. It does look to me that "they" let someone in for $2/share, and were being let to accumulate on the cheap. I don't believe Barry except on issues related to the upkeep of parakeets, but I'll be darned he called the drop to 2, and was talking buy to 2.35. Probably a coincidence, but maybe one of the new mgt, or perhaps a desirable investor, wanted to buy a bit more on the open market, and the MM, with the company blessing, did what he could to legally (or whatever) accommodate the party. Arrrgh. SMH, lol.
Yesterday, it almost felt like a panic buy when it very briefly shot to 2.6 at close (or someone though buying at market was nbd, lol). My guess (aside from traders) is that someone(s) wanted a bigger piece on second thought, made whatever calls last night and got in for a nice average today. I fully agree this is being accumulated. I also feel this thing is fixing to explode on some really big new NR(s) in short order.
FWIW: I'm wrong a whole lot of the time.
Maz
"Do just once what others say you can't do, and you will never pay attention to their limitations again."
--Captain James Cook
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